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Hyundai Motor Group appoints heir apparent as chief vice-chairman

South Korea's Hyundai Motor Group said on Friday that it has appointed Chung Eui-sun, vice-chairman of Hyundai Motor Co, to chief vice-chairman of the group.

PHOTO: REUTERS

[SEOUL] South Korea's Hyundai Motor Group said on Friday that it has appointed Chung Eui-sun, vice-chairman of Hyundai Motor Co, to chief vice-chairman of the group.

Mr Chung will assist his father and group chairman Chung Mong-koo, who promoted Mr Chung to better respond to "deteriorating global trade issues" and changes in competitive dynamics in major markets, Hyundai Motor Group said in a statement.